Pervasip, a wholesale VoIP provider for the residential and small business markets, and strategic investor NetCapital.com have inked an agreement with Pervasip's lender to purchase all outstanding debt.

"We are pleased to have a friendly investor who wants to work with us to build value for our shareholders," said Paul Riss, Pervasip's CEO, in a statement. "At this point in time, our original lender can no longer foreclose on our assets."

The wholesale VoIP company distinguishes itself from other companies by offering a combination of high quality voice services, flexible back-office capabilities and automated provisioning systems, according to company officials. Recently, Pervasip entered the mobile VoIP services and applications arena, which is expected to approach 300 million users by 2013.

Pervasip, a recent carrier for video VoIP telephone services as well, received orders last week for more than 300 video VoIP lines and is now the carrier for Bausch and Lomb's video phones. Officials are optimistic that the company will see “significant growth as a service provider for video phones, as it is in contract with a person-to-person marketing company to sell its services.”

“We have a track record of success with disruptive technologies, and Pervasip's technology is a true example of how game-changing vision and wisdom can be forged into a paradigm-breaking commercial product,” NetCapital's Chairman John Fanning said in a statement. “We have been following Pervasip for years, waiting for the right opportunity to partner and invest.  Today we have found a time of great value."

"We are eager to bring additional technologies to Pervasip," he added. “Not all VoIP is created equal, and we have found the VoIP network at Pervasip to be of superior quality and reliability.  We therefore plan to combine it with other technologies, such as wireless spectrum, so Pervasip can fully take advantage of the world-wide mobile Internet revolution."  

In related industry news, Alcazar Networks, a nationwide wholesale VoIP provider, is spreading the word about its many offerings including local and long distance service, toll free options, hosted PBX (News - Alert) phones systems and virtual attendants. But one of its flagship offerings, however, is wholesale origination.

“Alcazar Networks provides reliable inbound access for carriers through a SIP-based hand-off,” company officials explain. “Our DID (direct inbound dialing) origination services provide your business with access to numbers in any U.S. market. Our origination allows you to customize your service package by individual TN, giving you maximum flexibility and options such as CNAM caller ID storage, T.38, e911 (News - Alert) emergency services and more.”